Aston Bay Holdings closes first tranche of non-brokered private placement

29 December 2017

Aston Bay Holdings Ltd. is pleased to announce that on December 28, 2017, it closed the first tranche of the non-brokered private placement, which was previously announced on December 12, 2017. Conditional acceptance of the offering was received from the TSX Venture Exchange on December 19, 2017. Pursuant to the first tranche of the offering, which was closed early to capture flow-through tax effects for the 2017 year, the company has issued, subject to final approval of the Exchange, 3,975,000 flow-through shares at a price of $0.16 per share, for aggregate gross proceeds of $636,000.